Gujarat Jantri Rates Calculator
Calculate Property Market Value and Stamp Duty based on official Jantri rates.
Valuation Summary
Understanding Jantri Rates in Gujarat
Jantri Rate is the official document issued by the Gujarat State Government that specifies the minimum market price of land and buildings in a particular area. It is also known as the "Annual Statement of Rates" (ASR). This value is crucial because the government does not allow property registration below this specified price.
How Jantri Rate Impacts Your Property Purchase
When you buy a property in Gujarat, the stamp duty and registration charges are calculated based on either the Jantri rate or the actual sale price mentioned in the deed—whichever is higher. If the Jantri rate for your area is ₹5,000 per sq. mtr, but you bought it for ₹4,500, you still have to pay taxes on the ₹5,000 valuation.
Calculation Example
Suppose you are purchasing a residential flat with the following details:
- Area: 150 Square Meters
- Jantri Rate: ₹20,000 per Sq. Mtr
- Primary Owner: Male
Step 1: Total Value = 150 * 20,000 = ₹30,00,000.
Step 2: Stamp Duty (4.9% for Male) = ₹1,47,000.
Step 3: Registration Fee (1%) = ₹30,000.
Total Cost: ₹31,77,000.
Jantri Rate vs. Market Rate
While the Jantri Rate is fixed by the Revenue Department of Gujarat, the Market Rate is determined by demand and supply in the real estate market. In most prime locations like Ahmedabad, Surat, or Vadodara, the market rate is significantly higher than the government Jantri rate. However, for legal purposes, the Jantri serves as the floor price for all financial transactions and bank loans.
Factors Affecting Jantri Rates
Several factors influence the revision of Jantri rates by the Gujarat government:
- Property Type: Rates differ for residential, commercial, industrial, and agricultural land.
- Infrastructure: Proximity to highways, metro stations, and airports increases the rate.
- Usage: Developed land has a higher Jantri value compared to un-plotted land.
- Location: Urban areas (Nagarpalika/Corporation) have much higher rates than rural areas.